Vladimir Marchenko appointed Vice-President of ALROSA starting from September 20. Holding this position, he will be responsible for the company's activities in Africa. Before joining ALROSA, Vladimir Marchenko was the president of Pan African Metals Corporation.
Vladimir Marchenko was born in 1970. He graduated from the Oriental faculty of the Military Institute with a degree in foreign languages and completed the MBA program of International Institute of Management.
«ALROSA is dynamically developing activities in the African continent. The company has already reached agreements on increasing the share in Catoca Ltd. Mining Co. in Angola and plans to participate in the operation of the new large Angolan deposit "Luaxe". Furthermore, ALROSA actively participates in geological exploration in Angola and Botswana, and we still consider, that the countries of southern Africa have a great potential for discovering new deposits. I am sure that Vladimir Marchenko's experience and professionalism will help the company to achieve desired goals», - ALROSA president Sergey Ivanov said.
Currently, ALROSA is a co-founder of Catoca Ltd. Mining Co. with the 32.8% share in the authorized capital, and by the end of the year it will increase it to 41%. Catoca Ltd. Mining Co. mines diamonds at the Catoca pipe - the fourth largest pipe in the world. Through Catoca Ltd. Mining Co., ALROSA also plans to participate in the development of the Luaxe concession (the Luele pipe), which also claims to be one of the largest in the world. Besides, since 2014 ALROSA and Angola’s national diamond-mining company ENDIAMA E.P. have been carrying out geological exploration in Angola as part of a joint venture.
The second priority area for ALROSA is the Republic of Botswana. Sunland Minerals, a joint venture between ALROSA and British company Botswana Diamonds Plc, which has solid years of experience in the country, operates in Botswana. Currently the companies jointly investigate four areas in order to discover primary diamond deposits and get licenses for their development.